Patentable/Patents/US-11531983
US-11531983

Digital asset modeling

PublishedDecember 20, 2022
Assigneenot available in USPTO data we have
Inventorsnot available in USPTO data we have
Technical Abstract

A system and method are provided for modeling and interpreting a modeled digital asset and its evolution with respect to the rights of a plurality of parties, the method comprising: executing an await function instance no more than once using one of at least one choice defined therein for disposition of the digital asset with respect to the rights of at least one of the plurality of parties, said await function instance incorporated upon the consent of the affected parties to fulfil a configured function instance associated with the at least one choice; executing an agree function instance that requires the consent of at least one of the plurality of parties to execute; and storing the results of the executed function instances in an append-only ledger.

Patent Claims
11 claims

Legal claims defining the scope of protection, as filed with the USPTO.

2

2. The computer-implemented method of claim 1 wherein the proposed transaction includes per-ledger-entry authorizing data that identifies, for each of the one or more proposed ledger entries, one or more ledger-entry authorizing nodes that must authorize the respective proposed ledger entry.

3

3. The computer-implemented method of claim 2, further comprising validating that each of the one or more proposed ledger entries is authorized by each ledger-entry authorizing node required to authorize the respective proposed ledger entry.

4

4. The computer implemented method of claim 2, further comprising digitally-signing only the proposed ledger entries required for the computer according to the per-ledger-entry authorizing data.

5

5. The computer implemented method of claim 1, wherein the append-only ledger includes a public ledger shared amongst the plurality of nodes of the computer network, the public ledger storing a cryptographic representation of the committed transaction.

6

6. The computer-implemented method of claim 5, wherein the cryptographic representation of the committed transaction comprises a hash of the committed transaction.

7

7. The computer-implemented method of claim 1, wherein the proposed transaction, when committed, creates a new active model of the digital asset recorded to the private shared ledger.

11

11. The system of claim 10 wherein the proposed transaction includes per-ledger-entry authorizing data that identifies, for each of the one or more proposed ledger entries, one or more ledger-entry authorizing nodes that must authorize the respective proposed ledger entry.

14

14. The system of claim 10, wherein the append-only ledger includes a public ledger shared amongst the plurality of nodes of the computer network, the public ledger storing a cryptographic representation of the committed transaction.

15

15. The system of claim 14, wherein the cryptographic representation of the committed transaction comprises a hash of the committed transaction.

16

16. The system of claim 10, wherein the proposed transaction, when committed, creates a new active model of the digital asset recorded to the private shared ledger.

20

20. The non-transitory computer-readable medium of claim 19 wherein the proposed transaction includes per-ledger-entry authorizing data that identifies, for each of the one or more proposed ledger entries, one or more ledger-entry authorizing nodes that must authorize the respective proposed ledger entry.

Classification Codes (CPC)

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Patent Metadata

Filing Date

January 27, 2020

Publication Date

December 20, 2022

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Cite as: Patentable. “Digital asset modeling” (US-11531983). https://patentable.app/patents/US-11531983

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